Financial Crime World

Hong Kong Residents Urged to Stay Vigilant Against Credit Card Fraud

With the rise of online shopping in Hong Kong, it’s essential to be aware of common phishing tactics and take preventive measures to protect your financial security.

Common Phishing Tactics

Fraudsters use sophisticated methods to trick unsuspecting victims into revealing sensitive personal information or financial details. These tactics include:

  • Emails or SMS messages claiming to be from Hongkong Post or a courier company, asking for payment information for delivery or customs duties.
  • Fake job interview invitations or prize draws with links that seem too good to be true.

How to Stay Safe

To avoid falling victim to these scams, follow these simple tips:

  • Be cautious of unsolicited emails and messages: Never open attachments from unknown sources or click on links embedded in suspicious emails. Instead:
    • Access your bank’s website directly by typing the URL into your browser or using a bookmarked link.
    • Verify the authenticity of websites before providing personal information or financial details.
  • Verify requests for sensitive information: Be wary of requests to transfer money or provide sensitive information via social media, phone, email, or SMS. Always check your credit card account regularly and review transaction records with alert messages from your bank.
  • Handle One-Time Passwords (OTPs) carefully: If you receive a suspicious OTP via SMS, contact your bank immediately. Remember to input the OTP only for verified transactions and do not share it with anyone else.

What to Do in Case of Lost or Stolen Credit Card

If you lose or have your credit card stolen, report it to your bank’s 24-hour Lost/Stolen Credit Card Hotline at (852)3179 5505 or notify any of their branches during office hours.

Additional Resources

The Hong Kong Monetary Authority and the Hong Kong Association of Banks have issued guidelines to raise public awareness of phishing attacks and credit card fraud prevention. By following these simple tips, you can protect your financial security and enjoy a safer online shopping experience in Hong Kong.